Excellent posts thx Aus, Omg. Sums it up well.
I think the only chance of Moly being a serious competitor is once it's gone bust and been broken up and bought for a song.
Much less debt, clear out the books of overblown rubbish such as $1bn of goodwill (!) and intangibles. Even then, will they be able to build the acid and power plants?
They'll need to make good money on the Neo unless La and Ce prices recover substantially.
Lynas have the likes of Eu to boost their revenue.
molycorp conference call, page-14
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